Allocated Bullion Solutions (ABS), an institutional electronic network for bullion trading, has been selected by the Futures and Industry Association (FIA) to showcase at the FIA Expo Innovators Pavilion. Innovators Pavilion is a new addition at the annual FIA Futures and Options Expo in Chicago, now in its 31st year of bringing together derivatives industry professionals worldwide. The Pavilion will be an opportunity for 20 companies who champion forward-thinking solutions for market participants.
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MasterCard today announced it will provide tokenization services to commercial credit card issuers. Soon, corporations and business travelers will be able to load eligible corporate credit cards within participating mobile and digital wallet services.
Watch a short video about the value of tokenization support on corporate cards here.
The cost and resource burden of regulatory reporting has soared in recent years, and financial firms seek ways to meet deepening data requirements more efficiently and accurately while strategically evolving data architecture to improve performance and drive growth. To address these issues, financial services organizations are rethinking regulatory reporting and compliance as a holistic process and seeking end-to-end automation and governance—from data capture and analysis to reporting including final mile submission to regulators.
In recent years, financial crime compliance has risen to the top of both regulators' and banks' priorities. At the end of August this year, ISSA released 17 Principles recommended to be implemented by the global community of securities custodians and intermediaries, in order to address the critical challenges posed by financial crime. It is anticipated that industry participants will commence implementation planning from next month, with a projected cross-market adoption of the Principles by the end of 2018.
INDATA, a leading industry provider of software and services for buy-side firms, today announced the availability of its quarterly release of the iPM Epic platform for clients.
Among the numerous front office enhancements included are:
Misys, the leading financial software company, announced today that the Vietnam Public Joint Stock Commercial Bank (PVcomBank) will implement its FusionBanking Essence Online and Personal Financial Management solutions to transform the bank’s digital banking capabilities for customers.
PVcomBank has over 100 banking branches and provides a full range of banking services. It is looking to upgrade to a next generation digital platform in order to gain a competitive edge in Vietnam’s aggressively growing banking industry.
The Asia Pacific region is a growing hub for innovation in global financial services, driven by initiatives such as Singapore's FinTech & Innovation Group (FTIG). Mobile banking and payments are growing considerably worldwide, but analysts predict the most significant impacts are occurring in Asia, which is frequently a test market for new technology. Fiserv has worked with a number of forward-thinking financial institutions on innovations including Bangkok Bank's Bualuang mBanking service and Westpac's new omnichannel banking experience.
Ivalua, a leading global spend management solutions provider, today announced a series of new products and new customers to a record audience of procurement and technology executives at Ivalua On Air, the company’s global cinema-themed customer and partner event in Paris.
Attendees gathered in the world famous Lido Cabaret to hear speakers from Whirlpool, Credit Agricole, Covea and FNAC, among others, share insights and advice about spend management best practices and to learn about new products and features in Ivalua’s cloud-based suite of spend management solutions.
As payment channels evolve, not only do Financial Institutions (FIs) continue to fight the growing threat of electronic payments fraud, they also face a growing variation of fraud techniques across multiple channels. New mobile payment systems, such as Apple Pay, provide consumers with extreme convenience by allowing them to pay retailers directly with their phones, but they also open banks up to a new channel of fraud exposure from which they have to protect customers.